REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
11351930 (England and Wales)

Unaudited statutory accounts for the year ended 30 May 2023

Period of accounts

Start date: 31 May 2022

End date: 30 May 2023

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Directors' report period ended 30 May 2023

The directors present their report with the financial statements of the company for the period ended 30 May 2023

Principal activities of the company

That of a bar



Directors

The director shown below has held office during the whole of the period from
31 May 2022 to 30 May 2023

Nigel Briers


The director shown below has held office during the period of
31 May 2022 to 7 September 2022

Jeanie Thompson


The director shown below has held office during the period of
7 September 2022 to 30 May 2023

Tina Haden-Williams


The director shown below has held office during the period of
6 June 2022 to 30 May 2023

David Newton


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 February 2024

And signed on behalf of the board by:
Name: Nigel Briers
Status: Director

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 May 2023

2023 2022


£

£
Turnover: 164,756 138,260
Cost of sales: ( 55,677 ) ( 50,224 )
Gross profit(or loss): 109,079 88,036
Distribution costs: 0 0
Administrative expenses: ( 120,368 ) ( 117,459 )
Other operating income: 0 5,157
Operating profit(or loss): (11,289) (24,266)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 196 ) ( 623 )
Profit(or loss) before tax: (11,485) (24,889)
Tax: 0 0
Profit(or loss) for the financial year: (11,485) (24,889)

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 May 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 589 1,235
Investments:   0 0
Total fixed assets: 589 1,235
Current assets
Stocks: 4 3,500 2,000
Debtors:   0 0
Cash at bank and in hand: 0 1
Total current assets: 3,500 2,001
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 44,456 ) ( 31,576 )
Net current assets (liabilities): (40,956) (29,575)
Total assets less current liabilities: (40,367) ( 28,340)
Creditors: amounts falling due after more than one year: 6 ( 8,458 ) ( 9,000 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (48,825) (37,340)
Members' funds
Profit and loss account: (48,825) ( 37,340)
Total members' funds: ( 48,825) (37,340)

The notes form part of these financial statements

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 February 2024
and signed on behalf of the board by:

Name: Nigel Briers
Status: Director

The notes form part of these financial statements

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sale/ value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured, its probable that future economic benefits will flow to the entity, and specific criteria has been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation andsubsequent accumulated impairment losses.The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition andinstallation.

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 10 10

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 May 2022 14,286 14,286
Additions
Disposals
Revaluations
Transfers
At 30 May 2023 14,286 14,286
Depreciation
At 31 May 2022 13,051 13,051
Charge for year 646 646
On disposals
Other adjustments
At 30 May 2023 13,697 13,697
Net book value
At 30 May 2023 589 589
At 30 May 2022 1,235 1,235

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 May 2023

4. Stocks

2023 2022
£ £
Stocks 3,500 2,000
Payments on account 0 0
Total 3,500 2,000

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 May 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 1,200 1,282
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 712 1,386
Taxation and social security 8,592 6,653
Accruals and deferred income 0 0
Other creditors 33,952 22,255
Total 44,456 31,576

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 May 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 8,458 9,000
Total 8,458 9,000

COMMUNITY INTEREST ANNUAL REPORT

REAL SOUTHWEST COMMUNITY INTEREST COMPANY

Company Number: 11351930 (England and Wales)

Year Ending: 30 May 2023

Company activities and impact

The company runs a bar in it's local town that is a supporter of LGBTQ+ rights. The company has employed 10 local residents either full or part-time. The bar is a safe haven for members of the LGBTQ+ community that may feel unwelcome elsewhere in the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £8,279There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 February 2024

And signed on behalf of the board by:
Name: Mr Nigel Briers
Status: Director